Bonuses are coming to 125,000 Disney employees, according to a statement from Walt Disney Co. on Tuesday, Jan. 23.

The entertainment giant said employees would receive a one-time $1,000 bonus split into two payments. The company is also creating a $50 million fund for a “new and ongoing education program.”

Disney said the initiatives amount to a $175 million investment in the fiscal year.

“I have always believed that education is the key to opportunity; it opens doors and creates new possibilities. Matched with the $1,000 cash bonus, these initiatives will have both an immediate and long-term positive impact,” CEO Bob Iger said in a statement.

Eligible employees include full and part-time non-executive employees, either hourly or salaried, who have been with the company since Jan. 1, 2018, and are based in the U.S.

Disney said employees would the payments in March and September of this year. The company said it also would work with union representatives regarding potential distribution plans for employees under existing union contracts.

Some 88,000 employees also will have access to the educational program which will help with higher education, vocational training and courses unrelated to their jobs at Disney, the statement said.

Disney will add another $25 million to the educational fund in the future.

Federal tax reform, which cut corporate rates to 21 percent, is providing a cash windfall that some employers are choosing to share with workers, according to Bloomberg. Verizon Communications Inc.said Tuesday it’s giving employees stock grants worth about $2,600.

Disneyland in Anaheim is Orange County’s largest employer with more than 20,000 cast members staffing its theme parks.

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